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Hey Kai, would be interesting to see a Revolut Ultra vs American Express Platinum video. They both seem similar, especially now that Revolut introduced "points" you can convert into airline miles, just like Amex does. I get that our Amex cards have much fewer benefits than the US version, but still Europeans enjoy similar benefits similar to Revolut Ultra (lounges access, discounts, points, etc .) And not to mention, the yearly prices for both cards are almost the same.

@SmartMoneywithKai

Ай бұрын

Hi Brian, people been asking me about the American Express Platinum card, while the benefits seem nice and maybe comparable, for me the costs are way to high, while the annual fee is almost 50% more, the biggest red flag are 'CASH WITHDRAWAL 4% (min. 5€) FOREIGN CURRENCY PAYMENT 2% of the amount' This is just day light robbery and not something I would ever see myself using. I will be sticking with Revolut for now 😉

@whenlambo24

13 күн бұрын

@@SmartMoneywithKaithat’s because AMEX is a credit card, not debit. So basically you borrow money if you withdraw from ATM, that’s why you see those fees.

I've used Revolut for my main bank for about 4 years now. I did not know they added a savings account with interest!! They didn't when I first started and never saw any announcements for it. I've had cash sitting in my accounts doing nothing for so long, so happy to see they've finally added proper savings accounts with interest. Glad I watched this video! Thank you ❤

@SmartMoneywithKai

Ай бұрын

Hi Tom, that's amazing to hear, thank you so much and yes, I was also pleasantly surprised when they finally added it, which makes Revolut just so much better than using my local traditional bank account. Cheers mate 👋

Hello Kai . Thank you very much for the detailed explanation. I use Revolut as my second bank account. However I travel every month. I currently am on the standard plan, my first enquiry: do I get cashback in case of using Revolut Stays on standard? Secondly: do you recommend an upgrade in the plan given the fact the monthly travel factor?

@SmartMoneywithKai

24 күн бұрын

Hi mate and thanks a lot. You should still be receiving RevPoints on standard for travels, but only 10 to 1 so it will be basically like 0.1% which is very little. And yes, if you travel definitely consider at least Premium, that's the lowest one I would personally go for 👌

Hey mate! Super informative video about Revolut. I am a proud Metal holder myself and couldn’t be happier with the way Revolut has worked for me. I started with the free plan, went to premium, switched to metal and now considering Ultra plan; but not convinced however. Not because of its features, but because I think that Metal works more than fine for now. I also wanted to ask you if you know of someone that has been in the situation of using Revolut’s Insurance… I go on holiday in 3 days and I am confident that my Metal Insurance covers me just fine! Keep it up💪🏼

@SmartMoneywithKai

Ай бұрын

Hi Luka, thank you mate, appreciate that. I also think both Premium or Metal will be a better value for most people, especially now that it also includes partner benefits so if you don't need the lounge then not much difference as you can still use Revolut Pro and get 0.8% cashback which is not too shabby either. As for the insurance I never claimed anything nor know anyone who did, though I did have a look at their insurance provider website and looks all pretty straightforward 👌 Safe travels and happy holiday my friend ☀️👋

How much do you spend per month? What do you think you need to spend at least so it is worth it?

@SmartMoneywithKai

6 күн бұрын

Hi you can run your own numbers, monthly spend * 1.2% cashback (if you use it with Pro) vs your monthly Ultra plan. For me it usually covers the monthly costs and the rest are benefits on top. But even if it does not cover, the benefits alone might be worth the money for you, if not, then maybe consider Premium or Metal 👌

Hi Kai, can I know which country your Revolut is registered in?

@SmartMoneywithKai

Ай бұрын

Hi, in Lithuania 👋

Great video !! I have been in Revolut for 2 years.. I barely use it for bank transfers. but now, thanks to you, I am thinking of using it for increasing my finances.. As a person who can spare 200 to 300€ a month, how do you recommend I utilize Revolut?

@SmartMoneywithKai

Ай бұрын

Thanks a lot mate 👋 In your case I don't think Ultra makes sense then, either the free plan or Premium which I was also on for quite some time and has a great value for money 👌 Cheers

@osamaali3210

Ай бұрын

@SmartMoneywithKai thanks.. What about investing in stock market?

@SmartMoneywithKai

Ай бұрын

I would not recommend Revolut for that as you cant' transfer your shares to another broker later on. Have a look at Trading 212 or Interactive Brokers, I think much better options for buying stocks. Cheers

Thank you so much, I was really looking forward to watching your updates about Revolut

@SmartMoneywithKai

Ай бұрын

That's wonderful to hear and my pleasure 🙌 Cheers

Can you have Revolut pro account with cashback if you are employee? Thx

@SmartMoneywithKai

Ай бұрын

I did it before and never had an issue 😉

Cashback is gone now unfortunately, does this plan still make sense?

@SmartMoneywithKai

22 күн бұрын

Hi and yes, I actually just made a video about it, you can check it out here kzread.info/dash/bejne/aYF1rMicd5uoZ6g.html for me still makes perfect sense 👌

@marianf25

20 күн бұрын

@@SmartMoneywithKai I've analyzed the new changes, it looks like it's much worse than cashback, just makes things unnecessarily complicated. Cash is simple and straight-forward, while the rules on how to use the points are cumbersome. To use them on stays you first need to have a high amount, then use half of the them to get to the same price as on Booking and just after that you have an actual discount. The nice thing with revolut is the time it saves you having everything in one app, but I don't see their clientele who values time more than anything, overthinking revpoints strategies, moving them to an airline just to realize you need to transfer them to an intermediary where you need another account and just then getting them to the airline where you actually need them.

@SmartMoneywithKai

19 күн бұрын

Hi and yes, that's why I also stick with my Revolut Pro 1.2% cashback 😉

Thanks for another great video Kai ! By the way: I have Revolut Plus plan because that gives you priority in the support chat (In case something is wrong with money it is very nice to have quick support) You said Revolut does not allow you to transfer your shares. Any news on your Trading 212 transfer to IBKR yet ? 🙂

@SmartMoneywithKai

Ай бұрын

Hi and ok fair enough, that might be a benefit worth paying for 👌 Sadly transfer not yet through, this is something they are looking into as they've received a lot of feedback on that feature, I am in touch with T212 and as soon as I know something will post an update or make a new video on this 👌

Well done, Kai! Super video, my bro. Love the Revolut vids!

@SmartMoneywithKai

Ай бұрын

That's awesome to hear, thanks a lot, appreciate that mate 🙌

revolut became better than all of the banks in europe excluding uk which where you can get AMEX cards, other european countries dont have an option, no air mile points either, wasting cash by using credit and debit cards provided by eu banks

@SmartMoneywithKai

Ай бұрын

💯👌

Does it matter how big transfer is with revolut? is it still free?

@lukasabater

Ай бұрын

From what I understood and what I have seen, it doesn’t matter the quantity you are sending! Revolut won’t charge you any extra money!

@SmartMoneywithKai

Ай бұрын

You are spot on mate 👌

@SmartMoneywithKai

Ай бұрын

Hi and if you are on Ultra you won't be charged either way, doesn't matter how large the amount is which is great especially for bigger transfers 👌

@danbbcosta

Ай бұрын

Hey Kai. Just found out your channel. Really nice! I’m Amex Silver and Wise user. Now considering to move to Revolut with your review. What about the currency rate for intentional transfer? Revolut applies current market one as Wise ?

@SmartMoneywithKai

Ай бұрын

Hi Dan, that's awesome to hear 🙌 They don't call it market rate, but pretty much the same. If it's a larger transfer I would just compare both, as for different currencies on different days one might be cheaper than the other. Weekends Revolut is more expensive as they charge 1% FX fee, Wise does not 👌 Cheers

Wio review next? 👀

@SmartMoneywithKai

Ай бұрын

😉 Maybe not next, but will be coming 👌

Thanks Kai for the big value you brings to use constantly just keep going you the best !!!

@SmartMoneywithKai

Ай бұрын

Wow, appreciate that, thank you very much Ben 🙏

Awesome video, keep up the good work!

@SmartMoneywithKai

Ай бұрын

Thanks a lot 🙌

They’ve just wrecked it lol

@SmartMoneywithKai

Ай бұрын

Hi, what you mean by that? For me everything is still exactly the same as I've shown in the video.

Revolut will be the next FTX 2.0

@ostricalungimirante

Ай бұрын

😮

@SmartMoneywithKai

Ай бұрын

That's an odd comparison to make as they are very different business models, one was a wild west crypto exchange run by a delusional guy with no transparency into his company, the other (Revolut) is a EU licensed bank that is profitable and does not create it's own currency to inflate it's books, unlike FTX, which was ultimately part of it's downfall 😉

@markh2724

Ай бұрын

@@SmartMoneywithKai in terms of scams or fast growing high profile business that fails whilst ripping people off.

@SmartMoneywithKai

Ай бұрын

I must have been lucky I wasn't 'scammed or ripped off' over the last 9 years of using it 🙌